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Writer's picturePrateek Baranwal
Oct 28, 20204 min read

Global Corn Market Forecast By Renub Research

Globally corn industry is growing with a healthy growth rate, and it is expected to reach US$ 199 Billion by the end of the year 2026. United States, Brazil, Argentina and China are the major corn producing countries. The United States accounts for the lion’s share globally in terms of corn production and Export. Other than the USA, Ukraine, Argentina, Brazil and Russia are few other countries who are also significant exporters of corn worldwide.


USA and China meet alone over 1/2 world corn production which was 970 million tons (2015/16). Brazil follows them with 67 million tons of production. EU countries coming right after Brazil reached to 58 million tons of production in the 2015/16 season.


Follow the Link for Report Customization: https://www.renub.com/global-corn-market-p.php


Argentina with 29 million tons, Mexico with 25,8 million tons, Ukraine with 23 million tons, India with 21,8 million tons, Canada with 13,6 million tons, and Russia with 13 million tons follow the EU countries.




The significant consuming markets for corn include the USA, China, the EU Union, Mexico, and Brazil. This growing demand in these regions is supported by the end-use sectors just like the animal feed and corn starch markets. The us and China are among the biggest consumers due to the many presence of most of the end-use sectors in these regions. The countries that believe imports are Mexico, Japan, South Korea, the EU Union, and Egypt. The rising demand for corn within us is thanks to the growing feed sector and therefore the industrial sector. The dominant application sector within the region is animal feed, followed by fuel ethanol. The growing corn starch processing industries are driving the demand for corn in China, as China is that the leading key player in corn starch production. The country also accounts for a big market share in other application sectors like HFCS and polyols.


Factors Driving the Corn Industry Worldwide:


Growth:


• Increasing Demand for Corn-Based Ethanol Production

• Rising Incidence of Pests

• Potential of Maize in improving farmers’ income



Challenges:


• Climate Change Impacts on Corn



In terms of imports Japan, European Union, Mexico, Egypt, South Korea, Iran, Columbia, Vietnam, Taiwan, Algeria rely heavily on imports of corn. In these countries, the corn is mostly used for end-use sectors like the animal feed and corn starch markets.



United States, China, Brazil, Russia, and the European Union regions have the highest consumption of corn globally. The growing market for corn in the United States is due to the ever-increasing feed sector and the industrial sector. Strong meat exports is projected to stimulate animal production and to increase corn use in Brazil. Since the outbreak of African swine flu a few years ago, the Republic of China rebuilding of the hog sector has been faster than the prior projection which has been fueling feed demand in this region. In Russia, production of corn is mostly used in the domestic market; primarily large supplies are from the Central District.



Covid-19 Impact on Corn Industry


In the global corn market, Covid-19 has not impacted much on this industry. There has been marginally surge in export, import as well as in production during this period.



Renub Research report titled: “Global Corn Market, By Production (United States, China, Brazil, European Union, Argentina and Rest of the World), Consumption (United States, China, Brazil, European Union Mexico and Rest of the World), Export (United States, Argentina, Ukraine, Brazil, Russia and Rest of the World), Import (Japan, Mexico, European Union, South Korea, Egypt, Iran, Vietnam, Taiwan, Columbia, Algeria and Rest of the World) Company (Cargill, Ingredion Incorporated, Archer Daniels Midland , Tate & Lyle, Agraha)” prvides an all encompassing analsis of Global Corn Industry.



Production by Countries:


1. United States

2. China

3. Brazil

4. European Union

5. Argentina

6. Rest of the World



Consumption by Countries:


1. United States

2. China

3. Brazil

4. European Union

5. Mexico

6. Rest of the World



Export by Countries:


1. United States

2. Argentina

3. Ukraine

4. Brazil

5. Russia

6. Rest of the World



Import by Countries:


1. Japan

2. Mexico

3. European Union

4. South Korea

5. Egypt

6. Iran

7. Vietnam

8. Taiwan

9. Columbia

10. Algeria

11. Rest of the World



All the 5 companies have been studied from three points


• Business Overview

• Recent Developments & Initiatives

• Financial Overview



Company Analysis:


• Cargill

• Ingredion Incorporated

• Archer Daniels Midland

• Tate & Lyle

• Agraha



Industry Related Opportunity:





About Company:


Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Food & Beverage ,Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.



Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)

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